Arch Resources (NYSE:ARCH) Stock Price Down 3.9% – Here’s Why

Shares of Arch Resources, Inc. (NYSE:ARCH) fell 3.9% on Friday . The company traded as low as $157.36 and last traded at $157.95. 20,611 shares traded hands during trading, a decline of 95% from the average session volume of 391,935 shares. The stock had previously closed at $164.44.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday, November 18th. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and upped their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Finally, StockNews.com started coverage on Arch Resources in a research report on Thursday. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Resources presently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 5.6 %

The firm has a 50-day simple moving average of $154.19 and a two-hundred day simple moving average of $148.43. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.31 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last posted its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the business earned $3.91 earnings per share. The firm’s revenue was down 17.0% on a year-over-year basis. Equities research analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in Arch Resources by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock worth $1,785,000 after buying an additional 843 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Arch Resources by 10.3% in the third quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after acquiring an additional 238 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after purchasing an additional 3,073 shares in the last quarter. Vestcor Inc raised its stake in Arch Resources by 48.2% in the 3rd quarter. Vestcor Inc now owns 5,381 shares of the energy company’s stock valued at $743,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Arch Resources by 143.8% in the 3rd quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock valued at $7,130,000 after purchasing an additional 30,437 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.